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Title: What happened in june 2010? Post by: Costia on January 22, 2012, 08:59:49 PM Were there any special event that made BTC climb and fall so fast?
Title: Re: What happened in june 2010? Post by: nmat on January 22, 2012, 09:03:18 PM Were there any special event that made BTC climb and fall so fast? It was news all over the place. The media found out that bitcoin existed. Title: Re: What happened in june 2010? Post by: TheHeroMember on January 23, 2012, 04:25:33 AM It's just natural in business world, up - down - up - down - up.
Title: Re: What happened in june 2010? Post by: codymanix on January 23, 2012, 08:43:49 PM Yes nmat is right, it was the first time that bitcoin got into the public view.
It was like a virus, the more people knew about bitcoin the more people were talking about it and thus, even more people knew about it! A huge bubble like that won't come next time. Instead, bitcoin will climb slowly, but it will. There will be heights and depths, of course. Title: Re: What happened in june 2010? Post by: Clipse on January 23, 2012, 08:48:35 PM Yes nmat is right, it was the first time that bitcoin got into the public view. It was like a virus, the more people knew about bitcoin the more people were talking about it and thus, even more people knew about it! A huge bubble like that won't come next time. Instead, bitcoin will climb slowly, but it will. There will be heights and depths, of course. I believe it was a bubble that got extremely blown up by a collective bunch of "manipulators" to cashout on the increase frenzy of interest in bitcoins. The extreme crash however is more likely a result of all the scams that came about and exchange hacks etc. Title: Re: What happened in june 2010? Post by: DiThi on January 24, 2012, 12:40:26 AM Don't forget the mybitcoin fiasco. Since then no one trusts an eWallet which stores your private keys unencrypted.
Also several wallets with lots of coins were stolen (with trojans, or from online backups, etc), as the official client didn't have wallet encryption at the time. Title: Re: What happened in june 2010? Post by: TheHeroMember on January 24, 2012, 05:49:07 AM Don't forget the mybitcoin fiasco. Since then no one trusts an eWallet which stores your private keys unencrypted. Also several wallets with lots of coins were stolen (with trojans, or from online backups, etc), as the official client didn't have wallet encryption at the time. I guess this one is resolved already. Title: Re: What happened in june 2010? Post by: kronosvl on January 24, 2012, 06:12:34 AM June 2010 or June 2011?
Title: Re: What happened in june 2010? Post by: Costia on January 24, 2012, 06:14:51 AM oops 2011
but looks like people ignored my mistake :) Title: Re: What happened in june 2010? Post by: DiThi on January 24, 2012, 12:12:08 PM Our bogus "last year" counter affect us on january...
Title: Re: What happened in june 2010? Post by: Clipse on January 24, 2012, 12:12:49 PM oops 2011 but looks like people ignored my mistake :) For a moment I felt a year younger :/ Title: Re: What happened in june 2010? Post by: Dexter on January 24, 2012, 03:35:55 PM i think they have talked about the high fly of the bitcoins from june 2010 but if you mean 2011 i think you watching to the new block award which should be reduced to 25 BTC per block this year
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